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FINANCIAL BRIEF: For the nine months ended 30 September 2012, Afferro Mining Inc revenues was not reported. Net loss before extraordinary items decreased 64% to $1.9M. Lower net loss reflects Unwinding of discount on deferred paymen increase from $0K to $2.1M (income), Share based payments decrease of 68% to $819K (expense), Professional fees/Legal decrease of 57% to $642K (expense). more »

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BROKER FORECASTS
31st Dec 2013
31st Dec 2014

Price Target: $3.25 (+180.91% above Price) Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: n/a ($) ($) ($) ($) ($) ($)
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Broker Recommendations for Afferro Mining Inc
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 0 0 0 2 0

Named Brokers and Analysts
Investec Bank (UK) Plc Hunter Hillcoat , GMP Securities Ltd. Matt Fernley , Panmure Gordon Alison Turner , Edison Investment Research Andrey Litvin , Evolution Securities (Hist) , SP Angel Carole Ferguson , Growth Equities & Co. Research ,

Afferro Mining Inc. (Afferro) is a mineral exploration and development stage company focused on iron ore projects in West Africa. The Nkout Iron Ore Project (Nkout) is 100% owned by Afferro. Nkout is located in the Company's Djoum licence in southern Cameroon. The Company holds interests in three other earlier stage iron ore exploration projects in Cameroon, namely, Ntem, Ngoa and Akonolinga. The Ntem licence area is 491 square kilometer in the south-west of Cameroon. The Ngoa Hill project is located 3 km south of the Nkout Project, which is 70% owned by the Company. Akonolinga consists of three areas to the northwest of the Nkout Project and is 100% owned by the Company. The Putu Iron Ore Project is located in the south-east of Liberia in Grand Gedeh County. The Company, on April 10, 2012, th had closed the transaction to divest its 38.5% holding in Severstal Liberia Iron Ore Ltd. On April 13, 2011, the Company’s gold and diamond assets were divested into Aureus Mining Inc.

Directors: Luis Da Silva (CEO) , Bevan Metcalf (CFO) 53, Peter Taylor (COO) ,

No. of Employees: 306 No. of Shareholders: n/a


Last Annual December 31st, 2012
Last Interim September 30th, 2012
Shares in Issue 105,014,261
Free Float 92.8m (88.4%)
Sector Basic Materials
Industry Metals & Mining
Index FTSE Aim All Share,
Exchange London Stock Exchange (AIM)
Eligible for an ISA? a SIPP?

Address Suite 600 890 West Pender Street, VANCOUVER, V6C 1J9, Canada
Web http://www.afferro-mining.com/
Phone +1 604 6924901
Contact Luis da Silva (CFO)
Registrar Computershare Investor Services Inc.
Auditors BDO LLP

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